Phase one deal welcomed by businesses
15:48 | 17/12/2019 Global Economy
The phase one trade deal between China and the United States, which holds off a planned US tariff increase on billions of dollars of Chinese imports previously set to take effect on Sunday, was welcomed by US business groups. But they urged the removal of all additional duties as well.
South-East Asia’s GDP growth to remain at 4.5 percent in 2020
19:40 | 06/12/2019 Global Economy
Economic growth across the South-East Asia (SEA) region is expected to slow from 5.1% in 2018 to 4.5% in 2019 and remain unchanged in 2020, amid high risks of a re-escalation in trade tensions, according to ICAEW’s latest Economic Update: South-East Asia report. As a result, the outlook for exports and private investment will remain challenging and continue to dampen regional GDP growth.